The EU-FINREG Project summarised the interim results with Ukrainian beneficiaries

The Second Steering Committee Meeting of the EU Project “Strengthening the Regulation and Supervision of the Non-bank Financial Market” (EU-FINGER) took place in Kyiv on January 29, 2019

30.01.2019

On January 29, the Second Steering Committee Meeting of the EU Project “Strengthening the Regulation and Supervision of the Non-bank Financial Market” (EU-FINGER) took place in Kyiv.

Chaired by Olga Gurbich, the member of National Commission for the State Regulation of Financial Services Market, the event aimed to summarise and discuss the results of the project implementation in June-November 2018. The EU-FINREG team of experts presented the second interim report the Ukrainian beneficiaries and the EU Delegation to Ukraine.

The participants of the meeting also discussed the project’s next implementation phase until November 2019.

“I would like to express gratitude for fruitful work to the project team. We appreciate the EU assistance to strengthening the non-bank financial sector of Ukraine,” - said Volodymyr Kuchyn, Head of the Office for European Integration and International Programs at the National Bank of Ukraine.

He mentioned that EU-FINREG experts contributed to completing gap analysis and drafting the roadmap on a compliance of Ukraine’s relevant laws with Payment Services Directive (PSD2).

According to Maksym Libanov, member of the National Securities and Stock Market Commission of Ukraine, EU-FINREG support was instrumental in providing gap analysis and recommendations regarding existing legislature on collective investment institutions vis-à-vis EU legislation on UCITS.

“I would like to reiterate the importance of EU-FINREG project in the context of implementation of the EU-Ukraine Association Agreement. The project has delivered analyses and conceptual proposals and now it is in our interest that these results will be used by Ukrainian beneficiaries,” – noted Johannes Baur, Head of Section for Economic cooperation, energy, infrastructure and environment in the EU Delegation to Ukraine.